April 17, 2012

China Past Time for Economic Reforms

Kevin Rafferty, Japan Times

AP Photo

It's officially OK now to recognize that China urgently needs economic reforms. Premier Wen Jiabao said so. So did Vice Premier Li Keqiang, who is likely to take over from Wen when the Communist Party can sort out its power squabbles.



Every other economist has taken up the cause. Christine Lagarde, the managing director of the International Monetary Fund, noted in Beijing last month that "Re-engineering of the growth model is being advocated at the highest levels of government, and this is highly desirable."


The buzzwords are "rebalancing the economy". A quick glance at the structure of China's economy shows the problem. Consumption has fallen to 35 percent of gross domestic product, almost unprecedentedly low by world standards. India,...

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April 12, 2012
China's Politics Trump America's
Martin Jacques, The Independent
The news that Bo Xilai has been stripped of his positions on the Communist Party Politburo and Central Committee and that his wife, Gu Kailai, is being held on suspicion of murdering a British businessman has added a dramatic new... more ››
April 12, 2012
Russia & China's Pipeline to Nowhere
Stephen Blank, World Affairs Journal
Negotiating and then building the proposed Russo-Chinese gas pipeline should be an easy win-win. Russia has enormous gas deposits in Western and Eastern Siberia; China has an omnivorous need for energy and the huge capital... more ››
April 12, 2012
Australia Can't Get Too Close to the U.S.
Peter Leahy, The Australian
The arrival of US marines in Darwin is a good thing. It provides a ready capability to respond to disaster and humanitarian crises throughout the Asia-Pacific region. With their extensive experience in operating amphibious ships,... more ››
April 12, 2012
Clinton Embraces the U.S. Navy
Robert Farley, Foreign Policy
Will U.S. competition with China for naval dominance spark a new Cold War on the high seas? more ››
April 12, 2012
Funny Thing Happened on China's Path to Power...
Max Boot, Contentions
A funny thing happened recently on the road to China's supposedly inexorable rise to global power. Actually, a couple of funny things. more ››